The Difficulty of Peer to Peer Insurance – Finding Something to Insure Vitalik’s whitepaper mentions the possibility of Ethereum being used for insurance contracts and he specifically mentions crop insurance as a possibility and is able to explain it as being a financial derivative based on the weather: One can …

Smart contracts are powerful means for enforcing rules which hold, transfer, receive, or spend digital assets. What the internet did to liberate information blockchain technology is now doing to facilitate agreements. Insurance requires much more than the facilitation of trustless payments. The real challenge is figuring out how software code …